UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION




Washington,
D.C. 20549




FORM
10-K




þ  Annual
Report Pursuant to Section 13 or 15(d)


of the
Securities Exchange Act of 1934


For the
Fiscal Year Ended:  March 31, 2008


or


 ̈  Transition
Report Pursuant to Section 13 or 15(d)


of the
Securities Exchange Act of 1934




Commission
File Number: 333-126172




Man-AHL
130, LLC


(Exact
name of registrant as specified in its charter)




Delaware
              
              84-1676365(State
      or other jurisdiction of
                incorporation
      or organization)
              
              (I.R.S.
      Employer
                Identification
      No.)






c/o MAN INVESTMENTS (USA) CORP.


123 North
Wacker Drive, 28th Floor


Chicago,
Illinois  60606





(Address
of principal executive offices)




Registrant’s
telephone number, including area
code:   (312) 881-6800




Securities
registered pursuant to Section 12(b) of the
Act:   None




Securities
registered pursuant to Section 12(g) of the Act: Class A and Class B Units of
Limited Liability Company Interest


(Title
      of Class)




Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.    Yes
[  ]   No [X ]




Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act.    Yes
[  ]   No [X ]




Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.   Yes [X]   No
[  ]




Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K (§229.405 of this chapter) is not contained herein, and will not
be contained, to the best of registrant’s knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K.   [X]




Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company.  See definition of “large accelerated filer,” “accelerated
filer” and “smaller reporting company”  in Rule 12b-2 of the Exchange
Act.  (Check one):




Large
accelerated filer
[  ]                                                              Accelerated
Filer [  ]




Non-accelerated
filer
[  ]                                                                Smaller
reporting company [X]




Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act).   Yes [   ]   No
[ X ]




State the
aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the price at which the common equity was
last sold, or the average bid and asked price of such common equity, as of the
last business day of the registrant’s most recently completed second fiscal
quarter.




Not
applicable.




Documents
Incorporated by Reference




The
report of Deloitte & Touche and the financial statements of the Registrant
for the year ended March 31, 2008, which constitutes the Registrant’s annual
report to its Unitholders are included herewith as exhibit 13.01 and are
incorporated by reference into Item 8 of this Annual Report on Form
10-K.















PART
I




Item
1.   Business




(a)   General development of business




Man-AHL
130, LLC (“Man-AHL 130”) is a Delaware limited liability company organized April
14, 2005, pursuant to a Certificate of Formation filed with the Secretary of
State of the State of Delaware under the Delaware Limited Liability Company Act,
to engage in speculative trading in the futures, options and forward markets
under the direction of Man-AHL (USA) Limited, a registered commodity trading
advisor (“AHL”), and to invest a limited amount of its capital in Man-Glenwood
Lexington, LLC and Man-Glenwood Lexington TEI, LLC (collectively, the
“Man-Glenwood Funds”), registered investment companies managed by Glenwood
Capital Investments, L.L.C., which, in turn, invest, indirectly, in a portfolio
of private investment funds.  On June 28, 2005, Man-AHL 130 filed a
registration statement under the Securities Act of 1933 with the Securities and
Exchange Commission (“SEC”), which registration statement was subsequently
amended.  The registration statement became effective February 1, 2007
and registered 1,000,000 units of limited liability company interest, divided
equally between two classes (the “Units”).  Class A Units sold at an
initial offering price of $100 per Unit during the initial offering period ended
March 30, 2007.  The initial offering price of Class B Units at the
end of the initial Class B offering period ending March 31, 2008 was arbitrarily
set at the Net Asset Value of the Class A Units as of March 31,
2008.  A total of $15,680,416 of Class A Units and $4,461,673 of Class
B Units have been sold to the public as of March 31, 2008.  The Net
Asset Values of a Class A Series 1 Unit originally sold for $112.32 as of July
1, 2007 and a Class A Series 2 Unit originally sold for $100 as of March 30,
2007 were $131.84 and $133.07, respectively, as of March 31,
2008.  Class A and Class B Units are offered at the beginning of each
month based on their Net Asset Value, as of the end of the previous
month.  Class A Units are offered only to taxable investors, while the
Class B Units are offered only to tax-exempt investors.  Within each
Class, Units are issued in two separate Series.  Class A Series 1 and
Class B Series 1 Units are subject to a 1.25% annual Client Servicing
Fee.  However, the two Classes and their respective Series are
designed to have virtually identical trading and investment
portfolios.  Man-AHL 130 began trading on April 2,
2007.  The Units are offered through a number of registered
broker-dealer selling agents, including Man Investments Inc., on a best efforts
basis.  The amount of capital raised for Man-AHL 130 does not have a
significant impact on its operations, as Man-AHL 130 has no significant capital
expenditure or working capital requirements other than to pay trading losses,
brokerage fees and charges.




Man
Investments (USA) Corp. (the “Managing Member”), a Delaware corporation, is the
managing member of Man-AHL 130.  The Managing Member invested $10,000
in Man-AHL 130 as a “seed capital” investment in conjunction with the formation
of Man-AHL 130 and subsequently purchased Class A Series 2 Units as an initial
contribution in an amount equal to $15 million as of March 30,
2007.  The Managing Member, AHL, Glenwood Capital Investments, L.L.C.
(“Glenwood”) and Man Investments Inc. (“Man Investments”) are affiliates of Man
Group plc, a public company listed on the London Stock Exchange (collectively,
the “Man Group”).




(b)   Financial information about industry segments




Man-AHL
130’s business constitutes only one segment, i.e., a speculative commodity
pool.  Man-AHL 130 does not engage in sales of goods and
services.  Financial information regarding Man-AHL 130’s business is
set forth in Item 6 “Selected Financial Data” and in Man-AHL 130’s Financial
Statements incorporated into Item 8 hereof and attached as Exhibit 13.01
hereto.




(c)   Narrative description of business




Man-AHL
130 is a speculative and leveraged managed futures fund which trades pursuant to
the AHL Diversified Program (the “AHL Diversified Program”), with the objective
of seeking medium- to long-term capital appreciation.  The AHL
Diversified Program is a global managed futures program directed on behalf of
Man-AHL 130 by AHL, and subsequent to March 31, 2008, also by its affiliate and
affiliate of the Managing Member, Man-AHL Limited, a company organized under the
laws of the United Kingdom.  Subsequent to March 31, 2008, Man-AHL 130
engaged Man Investments Limited (“MIL”) to implement the
foreign currency forwards trading component of the AHL Diversified Program, at
no additional cost to Man-AHL 130.  The personnel of MIL responsible
for implementing the foreign currency forwards trading component of the AHL
Diversified Program on behalf of Man-AHL 130 are the same as those of AHL who
implement the AHL Diversified Program.








1






Although
managed futures funds typically hold all of their capital in reserve to cover
trading losses and margin their open futures and forward
positions,  Man-AHL 130 maintains approximately 70% of its capital in
cash and cash equivalents and invests the remainder of its capital —
approximately 30% — in the Man-Glenwood Funds, multi-strategy, multi-manager
funds of funds which emphasize efficient allocation of investor capital among
hedge funds and other pooled investment vehicles with a range of investment
strategies, managed by independent investment managers
(“Sub-Funds”).  The 30% investment in the Man-Glenwood Funds is made
by investing approximately 30% of Class A capital in Man-Glenwood Lexington, LLC
and 30% of Class B capital in Class A units of Man-Glenwood Lexington TEI,
LLC.  The Man-Glenwood Funds, in turn, allocate their capital, through
an investment in Man-Glenwood Lexington Associates Portfolio, LLC, a registered
investment company serving as a master investment vehicle (the “Portfolio
Company”), to a portfolio of private investment funds.




The AHL
Diversified Program is a global managed futures trading program that is
systematic (i.e., the AHL traders’
market judgment has little to do with AHL’s trading), primarily technical (i.e., focusing on market prices rather than
attempting to analyze fundamental economic data as a means of predicting prices)
and primarily trend-following (i.e.,
attempting to identify price trends and taking positions in direct response to
such trends).  While AHL’s trading systems themselves are continuously
being developed and/or adapted, the AHL trading approach leaves little room for
discretionary decision-making by the AHL traders — perhaps the most important
subjective judgment they make is whether to execute trades as a single order or
as a series of different trades.




The AHL
Diversified Program is quantitative and primarily directional (i.e., it employs
statistical models of market behavior in seeking to identify and take advantage
of upward and downward price trends in the commodities
markets).  Trading takes place 24 hours per day and real-time price
information is used to respond to price moves across a diverse range of
approximately 34 exchanges in 100 different global markets encompassing stock
indices, bonds, currencies, short-term interest rates, metals, energies and soft
commodities.  The AHL Diversified Program may invest in a diversified
portfolio of futures, options and forward contracts, swaps and other financial
derivative instruments both on and off exchange.




In
addition to sector and market diversification, the AHL Diversified Program seeks
to achieve diversification by combining various systems driven by computerized
processes or trading algorithms, which sample prices in real-time and measure
price momentum and breakouts spread over the approximately 100 markets
traded.  The trading algorithms seek to initiate positions in trending
markets and close out positions when a high probability exists of a different
trend developing, although the AHL Diversified Program may include algorithmic
systems based on certain forms of quantitative fundamental data such as
interest-rate data.  For diversification, the AHL Diversified Program
deploys investment capital across the full range of sectors and
markets.  Factors determining asset allocation weightings to different
sectors and markets are market and sector correlations, expected returns, market
access costs and market liquidity.




Market
volatility is one widely accepted indication of risk.  The AHL systems
are designed to reduce the exposure of an account, such as Man-AHL 130, to a
market as its volatility — and, accordingly, risk — increases.  The
AHL Diversified Program systems, as applied, are intended to target defined
volatility levels rather than returns, assisted by computer-supported analytical
instruments and real-time risk control and management information
systems.




The AHL
Diversified Program uses margin and considerable leverage to reach model
allocations.  Although there is no limit to the amount of leverage the
AHL Diversified Program may employ, it will typically hold futures positions
with a face amount equal to approximately 300% to 800% of Man-AHL 130’s Net
Asset Value and typically employs 12% to 18% of an account’s nominal value
(i.e., trading level) to margin such
positions.




The
central investment philosophy is that markets are characterized by real and
often fairly persistent pricing irregularities that are neither the result of
random behavior nor the outcome of perfectly informed or rational decisions by
market participants.  Powerful computerized processes or trading
algorithms are used to sample prices in real-time, seeking to identify and
exploit the existence of price trends.  The core trend-following
strategies include trading approaches which are intended to close out positions
once a trend is completed and there is a high probability of a different trend
developing.








2








These
strategies combine multiple signal generators based on various time frames,
ranging from two to three days to several months.  AHL operates a
number of different trend-following models.  These vary in terms of
the data they include in attempting to identify price trends (e.g., six-week moving average prices, daily
clearing prices for the last six months, intra-day highs and lows) as well as in
the criteria which they apply in identifying whether a price trend has been
determined.




In most
of the instruments in which Man-AHL 130 trades, AHL applies more than one of its
price trend-following identification models.  The number of different
models applied to a particular market may depend upon how liquid the market
is.  In instruments such as US Treasury bond futures, AHL can apply
multiple models and allocate evenly between high turnover, short-term trend
models and longer-term trend models.  In certain markets, on the other
hand, the liquidity (and hence the availability of positions) is significantly
more limited so that AHL is more likely to follow longer-term trend
models.  Markets with higher liquidity and lower access costs can
support higher trading frequencies and may receive greater allocation weightings
in the portfolio.  The core trend-following component is complemented
by proprietary strategies that seek to capture profits from the relative pricing
of related positions rather than absolute price movements.




All the
strategies and systems of the AHL Diversified Program are designed to target
defined volatility levels rather than returns, and the investment process is
underpinned by computer-supported analytical instruments and disciplined
real-time risk and management information systems.  A proprietary risk
measurement method similar to the industry standard “value-at-risk” helps ensure
that the rule-based decisions that drive the investment process remain within
predefined risk parameters.  Margin-to-equity ratios are monitored
daily, and the level of exposure in each market is quantifiable at any time and
is adjusted in accordance with market volatility.  Market correlation
is closely monitored to prevent over-concentration of risk and ensure optimal
portfolio weightings.  Market liquidity is examined with the objective
of ensuring that Man-AHL 130 will be able to initiate and close out trades as
indicated by AHL’s systems at market prices, while brokerage selection and trade
execution are continually monitored with the objective of ensuring quality
market access.




Refinements
to the AHL Diversified Program since its development include the introduction of
market volatility controls, an increase in the number and diversity of markets,
the introduction of 24-hour trading and systems differentiation to include
strategies that complement the main trend-following trading
algorithms.




AHL may
continue to increase the number and diversity of markets and instruments traded
directly or indirectly by the AHL Diversified Program.




The
Managing Member invests approximately 30% of Man-AHL 130’s capital in the
Man-Glenwood Funds, each a registered investment company, multi-strategy,
multi-manager fund of funds which emphasizes efficient allocation of investor
capital among hedge funds and other pooled investment vehicles with a range of
investment strategies, managed by independent investment
managers.  Historically, the AHL Diversified Program has required only
approximately 10% to 20% of an account’s capital to margin the full positions
which the AHL Diversified Program acquires for an account with 100% of such
capital.  These low margin requirements  (typical of many
managed futures programs) make possible Man-AHL 130’s investment of 30% of its
capital in the Man-Glenwood Funds.  The capital represented by such
investment would otherwise be held in reserve cash and cash equivalents in order
to cover losses in the AHL Diversified Program.  The following are
general descriptions of certain principal investment strategies represented in
the Man-Glenwood Funds’ investment portfolio.




Equity
Hedge.  Equity hedge is characterized by investment managers
investing in domestic and international equity markets while hedging overall
equity market risk by, for example, taking short positions in the applicable
stock index.  By attempting to neutralize the effects of general
equity market increases or declines on a fund’s portfolio, these traders focus
either on individual stocks or on the relative values of stocks of different but
related issuers.  Returns can be driven by fundamental or quantitative
security selection, both within sectors or across sectors.  However,
the portfolio is constructed so as to substantially eliminate exposure to
general equity market price movements as opposed to the price movements of
individual stocks.  For example, if the Dow Jones Industrial Average
declines 10% while Ford Motor Company stocks declined only 9%, an equity hedge
manager would hope to be able to recognize the 1% profit on the outperformance
of Ford, while avoiding the 10% losses incurred by the market as a
whole.






3






Event-Driven.  Investment
managers within the event-driven strategy focus on corporate events such as
bankruptcies, mergers, reorganizations, spin-offs, restructurings and changes in
senior management that have the potential to significantly change the future
prospects, and the future valuation, of a company.




Major
strategies within the event-driven area are: (i) distressed securities; and (ii)
mergers and reorganizations (risk arbitrage).  Investing in distressed
securities typically involves buying or selling short securities of companies
that are in or facing bankruptcy, reorganization or other distressed
situations.  Mergers and reorganizations strategies typically involve
buying or selling short securities of target and acquiring companies,
respectively, in anticipation of a merger transaction.  In each case,
the outcome of the financial restructuring, merger, etc. is expected materially
to affect the value of the positions acquired.  These strategies are
typically subject to major losses if the anticipated “event” is not
consummated.




Distressed and
Credit.  Managers in this style will take directional positions
in corporate debt securities. The strategies within this style are distressed
debt and credit long/short. Both of these strategies will tend to invest in
corporate debt securities based on fundamental credit analysis of the underlying
companies.




In
distressed debt, although managers tend to be long-biased over the cycle, they
will take both long and short positions in the securities of companies who are
in bankruptcy, have the near-term potential to enter bankruptcy, or have
recently emerged from bankruptcy. The potential for excess returns in the
strategy derives from structural impediments to many institutions holding
distressed securities and from the difficulty of evaluating securities and
claims that are subject to bankruptcy proceedings.




In credit
long/short, managers will typically take directional long and short positions in
corporate debt securities. Although they will tend to have some directional bias
at any point in time, managers in this strategy will tend to be neutral about
the overall direction of the credit markets over the course of the cycle. In
addition, managers will also take some relative value positions between
different credits and within the capital structure of the same credit. Excess
returns in this strategy come from structural inefficiencies due to the
dominance of these markets by ratings and regulator-driven investors as well as
the ability to construct attractive risk-return positions by virtue of the
option-like characteristics of long and short credit positions.




Relative Value.
These investment managers attempt to exploit mispricings within different
securities of either the same issuer or of issuers with similar fundamental
characteristics.  This strategy often involves attempting to exploit
the value of the option component embedded in certain securities, particularly
convertible bonds.  Typical strategies include convertible bond
arbitrage, credit arbitrage and derivatives arbitrage.  By “arbitrage”
what is meant is that these strategies seek to profit from relative mispricings
between, for example, a convertible bond and the common stock into which it is
convertible, the subordinated and senior debt of the same or related issuer or
the equity options and underlying equity of the same or related
issuers.




Variable
Equity.  These investment managers invest in domestic and
international equity markets.  These managers will generally take
positions both based on issuer-specific factors, and so as to reflect the
manager’s opinions as to the likely movements of the market as a
whole.  Returns are driven by the individual stock selection skills,
following either fundamental or quantitative selection criteria, along with the
ability to identify shifts in market direction.




Commodity and
Macro.  Commodity trading seeks to generate profits by trading
in markets other than equities and/or bonds.  Commodity trading
strategies can be purely model-driven (based on systems which analyze historical
price patterns and information), fundamentally-driven (based on the manager’s
analysis of underlying economic factors) or a combination of the
two.  Many futures trading strategies attempt to identify price trends
and movements rather than to profit from identifying relative
mispricings.




The
Managing Member receives a management fee of 1/12 of 0.75% of the Net Asset
Value of all outstanding Units at each month-end (a 0.75% annual rate),
calculated monthly and paid quarterly in arrears.  For managing
Man-AHL 130’s assets pursuant to the AHL Diversified Program, Man-AHL (USA)
Limited receives a management fee of 1/6 of 1% of the month-end notional value
of Man-AHL 130’s AHL account (a 2% annual rate) – approximately equal to Man-AHL
130’s Net Asset Value – calculated and paid as of the end of each calendar month
and a monthly incentive fee of 20% of any “new net profit” attributable to
Man-AHL 130’s AHL account






4








(the
capital attributable to both Classes of Units will be traded in the same AHL
account).  “New net profit” is the increase in the month-end net asset
value of the AHL account (after deduction of monthly management fees, expenses
and brokerage commissions and excluding net interest income) over the account’s
highest net asset value as of the end of any preceding month, adjusted for
capital contributions and withdrawals, or the commencement of
trading.  Man-AHL 130’s investment in the Man-Glenwood Funds is
subject to annual management, investor servicing and administrative fees and
expenses equal to approximately 3% per annum of the aggregate value of Man-AHL
130’s investment in the Man-Glenwood Funds, calculated monthly and paid
quarterly.  The investment managers of the Sub-Funds generally charge
their Sub-Funds a management fee, generally ranging from 0% to 3% annually of
the net assets under their management (including Man-AHL 130’s investment
indirectly through the Portfolio Company), and some or all of the Sub-Fund
managers receive performance or incentive allocations generally expected to
range from 20% to 25% of net profits annually or quarterly, although on occasion
these fees and/or allocations may be higher.




Man-AHL
130’s organizational and initial offering costs were paid by the Managing
Member, or an affiliate, without reimbursement from Man-AHL 130 or investors in
Man-AHL 130 (“Unitholders”).  Man-AHL 130 pays the routine costs of
executing and clearing Man-AHL 130’s trades, administrative expenses, including
costs incurred in connection with the continuing offering of Man-AHL 130’s
Units, and any extraordinary expenses which it may incur.




Man-AHL
130 has entered into an administration agreement with SEI Global Services, Inc.,
an independent third party administrator (the “Administrator”), to provide
various services (such as administration, accounting, valuation, tax reporting
and investor services) at competitive rates.  Total administrative
expenses of Man-AHL 130 in excess of 1/12 of 0.50% of each month-end Net Asset
Value (approximately 0.50% of Net Asset Value per annum) through March 31, 2009,
will be paid by, or reimbursed to Man-AHL 130 by, the Managing Member or an
affiliate.  Thereafter, expenses in excess of such 0.50% per annum
level will be payable by Man-AHL 130, but may be paid by the Managing Member in
its discretion.




At March
31, 2008, MF Global Inc. acted as the futures broker for Man-AHL 130 and MF
Global UK Ltd. executed and cleared Man-AHL 130’s currency forward
trades.  Man-AHL 130 has subsequently engaged Credit Suisse, Sydney
Branch, as an additional futures broker and currently conducts its currency
forward trading through the Royal Bank of Scotland plc.  Man-AHL 130
may engage additional futures brokers and/or currency forward dealers or replace
the current ones at any time.  Man-AHL 130 pays “bid asked” spreads on
its forward trades, as such spreads are incorporated into the pricing of forward
contracts.




Man-AHL
130 is open-ended and may offer Units at Net Asset Value as of the first day of
each month.  Unitholders may redeem Units upon as of the end of any
calendar quarter, upon 45 days’ prior written notice to the Managing
Member.  In order to pay redemption proceeds, it may be necessary for
Man-AHL 130 to tender for repurchase a portion of its investment in the
Man-Glenwood Funds.  Man-AHL 130 will attempt to have such investment
repurchased through the Man-Glenwood Funds’ quarterly tender
process.  Redemption proceeds will generally be paid within 45 days
after the quarter-end of redemption.  If quarter-end redemptions are
requested for more than 15% of Man-AHL 130’s total then-outstanding Units, each
redemption request will be reduced pro rataso that only 15% of
Man-AHL 130’s total then-outstanding Units are redeemed.  Units
not redeemed due to the reduction of a redemption request will remain subject to
increase or decrease in value as a result of Man-AHL 130’s trading
activities.   Redeeming Unitholders will be notified if
redemption requests for any given quarter-end are likely to be pro rated in order to comply with such 15%
limitation, and will be given an opportunity to withdraw their redemption
requests.




Man-AHL
130’s cash and cash equivalent investments are used by Man-AHL 130 to engage in
its trading activities and as reserves to support that
trading.  Man-AHL 130’s assets deposited with the futures brokers as
margin are maintained in segregated accounts as required by Commodity Futures
Trading Commission (the “CFTC”) or applicable foreign
regulation.  Assets not deposited as margin or invested in the
Man-Glenwood Funds are maintained in accounts with the currency forward
counterparties as collateral in connection with Man-AHL 130’s foreign currency
forward trading or with third party banks in the name of Man-AHL
130.  The Managing Member believes that, if need be, Man-AHL 130’s
investment in the Man-Glenwood Funds can be liquidated through the Man-Glenwood
Funds’ quarterly tender process to support Man-AHL 130’s AHL Diversified Program
trading.






5






Man-AHL
130 does not engage in lending (other than through permitted securities
investments).  The Managing Member does not anticipate making any
distributions of profits, if any.




Regulation




Under the
Commodity Exchange Act, as amended (the “CEA”), commodity exchanges and futures
trading are subject to regulation by the CFTC.  National Futures
Association (“NFA”), a “registered futures association” under the CEA, is the
only non-exchange self-regulatory organization for futures industry
professionals.  The CFTC has delegated to NFA responsibility for the
registration of “commodity trading advisors,” “commodity pool operators,”
“futures commission merchants,” “introducing brokers” and their respective
associated persons and “floor brokers” and “floor traders.”  The CEA
requires commodity pool operators, such as the Managing Member, and commodity
trading advisors, such as AHL, and commodity brokers or futures commission
merchants, such as MF Global to be registered and to comply with various
reporting and record keeping requirements.  The CFTC may suspend a
commodity pool operator’s or trading advisor’s registration if it finds that its
trading practices tend to disrupt orderly market conditions or in certain other
situations.  In the event that the registration of the Managing Member
as a commodity pool operator or AHL’s registration as a commodity trading
advisor were terminated or suspended, termination of Man-AHL 130 might
result.




In
addition to such registration requirements, the CFTC and certain commodity
exchanges have established limits on the maximum net long or net short position
which any person may hold or control in particular commodities.  Most
exchanges also limit the changes in futures contract prices that may occur
during a single trading day.   Currency forward contracts are not
subject to regulation by any United States Government agency.




(i)   through
(xii) - not applicable.




(xiii)   Man-AHL
130 has no employees.




(d)   Financial information about
geographic areas




Man-AHL
130 does not engage in material operations in foreign countries (although it
does trade in foreign currency forward contracts and on foreign futures
exchanges), nor is a material portion of its revenues derived from foreign
customers.




(e)   Available
information




Not
applicable.




Item
1A.   Risk
Factors




Not
applicable.




Item
1B.   Unresolved Staff
Comments.




Not
applicable.




Item
2.   Properties




Man-AHL
130 does not own or use any physical properties in the conduct of its
business.  The Managing Member and various service providers perform
services for Man-AHL 130 from their offices.




Item
3.   Legal Proceedings




The
Managing Member is not aware of any pending legal proceedings to which either
Man-AHL 130 is a party or to which any of its assets are subject.  In
addition there are no pending material legal proceedings involving the Managing
Member.






6








Item
4.   Submission of Matters to a
Vote of Security Holders




None.




PART
II




Item
5.   Market for the Registrant’s Common Equity and


Related Stockholder Matters




(a)   Market Information.




There is
no trading market for the Units, and none is likely to develop.  Units
may be redeemed upon  45  days’ written notice to the Managing
Member at their Net Asset Value as of the last day of any calendar quarter;
provided, however, if quarter-end redemptions are requested for more than 15% of
Man-AHL 130’s total then-outstanding Units, each redemption request will be
reduced pro rata so
that only 15% of Man-AHL 130’s total then-outstanding Units are
redeemed.  In the event that Man-AHL 130 receives redemption requests
in excess of the 15% limitation for eight consecutive quarters, Man-AHL 130 will
cease its trading and investment activities and will terminate as promptly as
possible.




(b)   Holders.




As of
March 31, 2008, there were 9 holders of  Class A Units and 0 holders
of Class B Units.




(c)   Dividends.




No
distributions or dividends have been made on the Units, and the Managing Member
has no present intention to make any.




(d)   Securities Authorized for
Issuance Under Equity Compensation Plans.




None.




(e)   Recent Sales of Unregistered
Securities; Use of Proceeds from Registered Securities.




There
have been no sales of unregistered securities during the period covered by this
annual report on Form 10-K.




(f)   Use of
Proceeds.




The use
of proceeds information is being disclosed for Registration Statement No.
333-126172 declared effective on February 1, 2007, registering 500,000 Class A
and 500,000 Class B Units of limited liability company interest for sale at an
initial offering price of $100 per Unit.  The offering of the Units
commenced on or about March 31, 2007 and Units are offered as of the beginning
of each calendar month on a continuous basis. The offering has not
terminated.  A total of $15,680,416 of Class A Units and $4,461,673 of
Class B Units have sold to the public as of March 31, 2008.  Man-AHL
130 has incurred total expenses through March 31, 2008 of
$2,519,463.




(g)   Issuer Purchases of Equity
Securities.




Pursuant
to Man-AHL 130’s Limited Liability Company Agreement, Unitholders may redeem
their Units at the end of each calendar quarter at the then current quarter-end
Net Asset Value per Unit.  If quarter-end redemptions are requested
for more than 15% of Man-AHL 130’s total then-outstanding Units, each redemption
request will be reduced pro
rata so that only 15% of Man-AHL 130’s total then-outstanding Units are
redeemed.  In order to pay redemption proceeds, it may be necessary
for Man-AHL 130 to tender for repurchase a portion of its






7




investment
in the Man-Glenwood Funds.  Each Man-Glenwood Fund generally withholds
5% of the proceeds of a total repurchase from such Man-Glenwood Fund until the
completion of the Man-Glenwood Fund’s annual audit.  The amount
withheld from a total repurchase by Man-AHL 130 from the Man-Glenwood Funds will
be approximately 1.5% of a Unitholder’s total investment.  Rather than
withhold redemption proceeds from Unitholders redeeming Units, however, the
Managing Member intends to pay the full redemption amount due to redeeming
Unitholders and the amount subsequently paid to Man-AHL 130 by the Man-Glenwood
Funds from the amount withheld will be a general asset of Man-AHL
130.  Other than any affect of the foregoing, the redemption of Units
has no impact on the value of Units that remain outstanding.  Units
are not reissued once redeemed.




The
following table summarizes the redemptions by Unitholders during the first
calendar quarter of 2008:




Month
              Units
      Redeemed
              Redemption
      Date
                NAV
      per UnitJanuary
      31, 2008
              0
              0February
      29, 2008
              0
              0March
      31, 2008
              0
              0




Item
6.   Selected Financial Data




The
following is a summary of operations for the fiscal years ending March 31, 2008,
March 31, 2007 and for the period April 14, 2005 (date of inception) through
March 31, 2006 and total assets of Man-AHL 130 at March 31, 2008, 2007 and
2006.





For
      the Year Ended March 31, 2008
            
            
            For
      the Year Ended March 31, 2007
            
            
            For
      the period April 14, 2005 (date of inception) through March 31,
      2006Investment
      income:
            
            $
            398,431
            
            
            $
            --
            
            
            
            --Net
      expenses:
            
            $
            2,071,648
            
            
            
            --
            
            
            
            --Net
      investment income (loss):
            
            $
            (1,673,217
            )
            
            $
            --
            
            
            $
            --Realized
      and unrealized gain (loss) on investments:
            
            $
            6,681,849
            
            
            
            --
            
            
            
            --Net
      income (loss):
            
            $
            5,008,632
            
            
            $
            --
            
            
            $
            --Net
      income (loss) per Unit outstanding:
            
            $35.13 (Class A Series 1)
              $33.05 (Class A Series 2)Total
      assets:
            
            $
            21,807,453
            
            
            $
            10,000
            
            
            $
            10,000Total
      liabilities:
            
            $
            1,398,821Members’
      Equity:
            
            $
            20,408,632
            
            
            $
            10,000
            
            
            $
            10,000Net
      Asset Value per Unit:
            
            $131.84 (Class A Series 1)
              $133.07 (Class A Series 2)Increase
      (decrease) in Net Asset Value per Unit:
            
            $19.52 (Class A Series 1)
              $33.07 (Class A Series 2)









8






Item
7.   Management’s Discussion and Analysis of Financial
 Condition and Results of Operations




Reference
is made to “Item 6.  Selected Financial
Data” and “Item 8.  Financial Statements and
Supplementary Data.”  The information contained therein is
essential to, and should be read in conjunction with, the following
analysis.




Capital
Resources




Due to
the low margins required to support futures and forward trading, only
approximately 10% to 20% of the capital of a managed futures fund such as
Man-AHL 130 is needed to margin its positions.  Man-AHL 130 holds most
of its capital in cash and cash equivalents while investing approximately 30% of
such capital in the Man-Glenwood Funds, both for profit potential and
diversification purposes.  Man-AHL 130’s investment in the
Man-Glenwood Funds cannot be used to margin its futures trading and would be
liquidated to the extent that the Managing Member was able to do so and deemed
it advisable to do so to support Man-AHL 130’s futures trading.  There
can be no assurance that Man-AHL 130 will maintain any investment in the
Man-Glenwood Funds.  The Managing Member is under no obligation to
maintain Man-AHL 130’s investment in the Man-Glenwood Funds, and may reduce or
eliminate such investment at any time through the Man-Glenwood Funds’ quarterly
tender process.




Man-AHL
130, not being an operating company, does not incur capital
expenditures.  It functions solely as a passive trading vehicle, and
after its initial allocation to the AHL Diversified Program and the Man-Glenwood
Funds, its remaining capital resources are used only as assets available to
provide variation margin and pay expenses and trading losses incurred on Man-AHL
130’s AHL Diversified Program account, as well as invest in the Man-Glenwood
Funds to maintain appropriate exposure.




Liquidity




The AHL
Diversified Program generally maintains highly liquid positions, and the assets
held by Man-AHL 130 to support AHL’s trading are cash or highly-liquid Treasury
bills, deposit accounts or other cash equivalents.




Man-AHL
130 invests a limited portion of its capital in the Man-Glenwood
Funds.  Because the Man-Glenwood Funds are closed-end registered
investment companies, members of the Man-Glenwood Funds do not have the right to
require the Man-Glenwood Funds to repurchase any or all of their
units.  To provide a limited degree of liquidity to investors, the
Man-Glenwood Funds offer quarterly liquidity through discretionary tender offers
for their units pursuant to written tenders.  Repurchases will be made
at such times, in such amounts, and on such terms as may be determined by the
Man-Glenwood Funds’ boards, in their sole discretion.  Under certain
circumstances, such tender offers may not occur as scheduled or may not be
sufficient to satisfy the full amount requested to be repurchased by Man-AHL
130.  However, the Man-Glenwood Funds’ component of Man-AHL 130’s
portfolio represents an allocation of only 30% of Man-AHL 130’s capital, and the
Managing Member believes that any delays in receiving repurchase payments from
the Man-Glenwood Funds are unlikely to adversely affect Man-AHL 130’s
operations.




The
Managing Member does not anticipate the need for additional sources of
liquidity, given that approximately 70% of Man-AHL 130’s capital is held in cash
and highly liquid cash equivalents, and, if necessary, Man-AHL 130 is expected
to be able to liquidate part of its investment in the Man-Glenwood Funds through
the Man-Glenwood Funds’ quarterly tender process.




During
its operations through March 31, 2008, Man-AHL 130 experienced no meaningful
periods of illiquidity in any of the numerous markets in whcih it
trades.




Critical Accounting
Principles




Man-AHL
130 records its transactions in futures and forward contracts, including related
income and expenses, on a trade-date basis.  Open futures contracts
traded on an exchange are valued at market, which is based on the closing
settlement price on the exchange where the futures contract is traded by Man-AHL
130 on the day with respect to which Man-AHL 130’s Net Asset Value is being
determined.  Open forward contracts and other derivatives traded on
the interbank market are valued at their settlement price on the day with
respect to which Man-AHL 130’s Net Asset Value is being determined.






9






Man-AHL
130 will value its investment in the Man-Glenwood Funds at its net asset value,
which approximates fair value, as provided by the Man-Glenwood
Funds.




The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions, such as accrual of expenses, that affect the amounts
and disclosures reported in the financial statements.  Based on the
nature of the business and operations engaged in by Man-AHL 130, the Managing
Member believes that the estimates utilized in preparing Man-AHL 130’s financial
statements are appropriate and reasonable; however, actual results could differ
from the estimates.  The estimates do not provide a range of possible
results that would require the exercise of subjective judgment.  The
Managing Member further believes that, based on the nature of the business and
operations of Man-AHL 130, no other reasonable assumptions relating to the
application of Man-AHL 130’s critical accounting estimates other than those to
be used would likely result in materially different amounts from those
reported.




Off-Balance Sheet
Arrangements




Man-AHL
130 does not engage in off-balance sheet arrangements with other
entities.




Contractual
Obligations




Man-AHL
130 does not enter into contractual obligations or commercial commitments to
make future payments of a type that would be typical for an operating company or
that would affect its liquidity or capital resources.  Man-AHL 130’s
sole business is trading futures contracts, forward currency and other OTC
contracts, both long (contracts to buy) and short (contracts to sell), and
investing in cash, cash equivalents and its investment in the Man-Glenwood
Funds.  All of Man-AHL 130’s futures, forward and OTC contracts, other
than certain currency forward contracts, are settled by offset, not
delivery.  The substantial majority of such contracts are for
settlement within four to six months of the trade date and the substantial
majority of such contracts are held by Man-AHL 130 for less than four to six
months before being offset or rolled over into new contracts with similar
maturities.  Man-AHL 130’s annual audited financial statements,
included as Exhibit 13.01 of this report, present a Condensed Schedule of
Investments setting forth net unrealized appreciation (depreciation) of Man-AHL
130’s open positions, both long and short, at March 31, 2008 fiscal
year-end.




Results of
Operations




Man-AHL
130 was organized on April 14, 2005 under the Delaware Limited Liability Company
Act, and its Registration Statement under the Securities Act of 1933, as
amended, became effective on February 1, 2007.  Its fiscal year ends
March 31.  Man-AHL 130 commenced trading operations April 2,
2007.




Performance
Summary
  31-Mar
      -08
                31-Mar
      -07Ending
      Equity
                $20,408,632
                $10,000
 
 Man-AHL
130’s net assets increased $20,398,632 for the year ended March 31, 2008. This
increase was attributable to aggregate subscriptions of $15,390,000, including
the Managing Member’s purchase of Units (Class A Series 2), and net income from
operations of $5,008,632.
  Management
Fees of $485,023, Incentive Fees of $1,249,061, Client Servicing Fees (Series 1
Units only) of $2,088 and brokerage commissions of $244,051 were paid or
accrued, and interest of $398,431 was earned or accrued on Man-AHL 130’s cash
and cash equivalent investments, for the year ended March 31, 2008.
  Man-AHL
130 pays administrative expenses for legal, audit, accounting and administration
services, limited to 1/12 of 0.50% per month of Man-AHL 130’s month-end NAV
through March 2009. Administrative and other expenses, paid or accrued, for the
year ended March 31, 2008 were $539,240, which were offset in part by
reimbursement from the Managing Member in the amount of $447,815.


Man-AHL 130 is a speculative managed futures fund which
trades pursuant to the AHL Diversified Program.  The AHL
Diversified Program is a futures and forward price trend-following, trading
system.  The AHL Diversified Program is entirely quantitative in
nature and implements trading positions on the basis of statistical analyses of
past price histories.  Like most trend-following systems, the AHL
Diversified Program is designed in the anticipation that most of its trades will
be unprofitable; the objective of overall profitability depending on the system
identifying certain major trends which occur and recognizing significant profits
from participating in such trends.




The
past performance of the AHL Diversified Program is not necessarily indicative of
its future results.  This is the case with all speculative trading
strategies.  Moreover, the markets in which the AHL Diversified Program is
active have seen major changes in recent years, including the influx of entirely
different classes of market participants.  These changed circumstances
may mean that the markets in which AHL has previously traded are not necessarily
representative of those of which it trades on behalf of Man-AHL
130.




As a
speculative futures fund, Man-AHL 130 effectively maintains all of its capital
in reserve.  Man-AHL 130 does not “buy” or “sell” futures or forward
contracts in the traditional sense; rather, through taking positions in these
markets, Man-AHL 130 acquires loss/profit exposure and uses its capital to cover
losses and provide margin (which constitutes a good faith deposit towards
Man-AHL 130’s obligation to pay such losses) to support its open
positions.  Man-AHL 130 maintains most of its capital in cash and cash
equivalents.






10




Three
months ended March 31, 2008:




During
the three month period ended March 31, 2008, Man-AHL 130’s trading within
agricultural markets made gains across the majority of contracts, with corn
trading providing the largest contribution. Soy-based products rose to record
highs during February, although March saw a retraction in prices, paring earlier
gains from long positions. Bond trading accrued profits as Japanese bonds and US
Treasuries led the way.  Currency trading contributed excellently
during the period.  Long positions in various currencies, in
particular the euro and the Swiss franc, against the US dollar proved highly
beneficial. Energy delivered a solid profit for the quarter.  Long
positions in crude oil were beneficial, with prices closing at a then record
high of US$110.33 per barrel on March 13, 2008.  Long positions in
distillate products such as gas oil and heating oil produced
profit.  Precious metals trading made a solid profit as long positions
in gold, silver and platinum made gains.  Positive trading in copper offset
losses from aluminium.  Trading in short-term interest rates posted a
firm gain over the first quarter despite market volatility.  Long
positions in Eurodollar and Euribor contracts posted the largest part of
gains.  However, these earlier gains were reduced in the latter part
of the quarter.  Stock market trading posted a gain over the quarter,
with short positions in the Nikkei, TOPIX and S&P 500 proving particularly
fruitful.  Short exposure to European markets such as the Euro Stoxx,
CAC40 and Dax also contributed to gains. However, some profits were reversed as
indices rose higher at the end of March 2008.




During the three month period ended March 31, 2008, the Man-Glenwood
Funds’ commodity and macro managers posted a profit over the first
quarter.  Over the course of the quarter, managers gave back earlier
gains.  Returns for equity hedge managers reflected the high levels of
dispersion in the equity markets; ranging from -2.1% in a Japan-focused manager
to +9.0% in a US focused short-only manager.  European managers that posted
positive returns achieved this mainly through sector positioning and stock
picking (financials and consumer shorts and longs in resource companies were top
gainers).  Asia focused managers that were successful actively traded
their portfolios.  Notwithstanding some positives in the quarter, overall
performance in this style was negative.  During the fourth quarter of 2007,
despite the overall negative performance by event driven managers, a handful of
activist managers did find mild success, and performance in the relative value
style was driven largely by the performance of one manager that focused on
relative value within the residential mortgage-backed securities (RMBS)
space.  Variable equity posted a negative return over the
quarter.  The first quarter of 2008 proved to be one of the most
turbulent in history for the credit markets, with managers in the distressed
& credit arena largely posting losses for the product.  Managers
with a net short bias profited from investors liquidating positions, while long
exposure to leverage loan deals and equities negatively impacted performance. Of
note, short positions in sub-prime mortgages and banks returned strongly, but
these gains were more than offset by indiscriminate selling in various areas of
the market.




Futures trading programs
are proprietary and confidential.  As is the case
with any speculative futures fund, it is impossible to predict how Man-AHL 130
will perform.  It is not possible, as it is in the case of an operating
business, to predict performance trades, analyze future market conditions or
evaluate the likely success or failure of Man-AHL 130.


There are
certain general market conditions in which Man-AHL 130 is more likely to be
profitable than in others.  For example, in trendless or stagnant markets,
the AHL Diversified Program is unlikely to be profitable.  On the other
hand, trading markets with substantial price change momentum can be favorable to
the AHL Diversified Program.  However, because of the continually changing
population of market participants as well as supply and demand characteristics,
it cannot be predicted how Man-AHL 130 will perform in any given market
conditions.


Three
months ended December 31, 2007:




During
the three month period ended December 31, 2007, Man-AHL 130’s trading within
agricultural markets posted positive returns, with significant gains recorded
from soybeans and corn.  In October, agriculturals experienced a
slight loss as long positions in wheat suffered.  Strong performance
in November was driven by long trades in soybeans.  Strong performance
continued in December, driven by soy products and corn.  Trading in
bonds made a positive contribution to Man-AHL 130’s performance.  US
Treasury bonds and Japanese bonds delivered positive returns, while Eurobonds
negatively impacted performance. A general switch into long positions in US
Treasury bonds was costly at first but proved particularly fruitful in
November.  Japanese bonds appreciated in similar fashion over
November.  Currency trading posted strong returns during the final
quarter of 2007.  Strong trends re-emerged following the turmoil of
the third quarter, which Man-AHL 130 was able to capture.  Long euro
positions versus the US dollar and British pound performed well during the
period.  Further profits came from long Swiss franc positions against
the US dollar.  Long Canadian dollar trades versus the US dollar also
produced gains.  Trading in the energy sector accrued significant
profits.  Substantial gains were experienced from long crude oil,
heating oil and gas oil positions.  However, in November, crude oil
and other distillate products incurred losses after prices dropped over the
final week of the month.  Short positions in natural gas lifted
performance in November.  In December, performance was once again
positive, with a rise in the price of crude oil and other distillate products






11






offsetting
losses in natural gas.  Man-AHL 130’s metal trading posted a profit
during the period with long positions in gold making excellent gains. Trading in
short-term interest rates posted a firm gain over the fourth quarter, with
Eurodollar and short Sterling contracts contributed most to profits over the
period.  Finally, stock market trading posted a loss over the quarter,
with long positions in the Nasdaq 100 and Euro-Stoxx index the leading
detractors.




During
the three month period ended December 31, 2007, the performance for the
Man-Glenwood Funds’ commodity & macro managers was strongly
positive.  In October, managers benefited from a sharp decline in the
US dollar relative to most G7 and emerging market
currencies.  Managers that performed strongly mid-quarter benefited
from tactical oil and metals positions as well as yield curve steepening
trades.  Managers largely benefited from the increase in currency,
equity and interest rate volatility as well as from tactical long positions in
oil, gold and agricultural commodities.  Equity hedge manager returns
were widely dispersed over the quarter, although the majority of managers ended
in positive territory.  The volatile, high dispersion environment was
beneficial for stock pickers, with managers who had a trading component within
their strategy able to generate positive alpha,
opportunistically.  This dispersion theme continued in the fourth
quarter with event driven managers generating a wide range of returns, although
final returns were positive.  A manager focused on a variety of energy
related themes posted strong quarter-end performance, recovering from
mid-quarter losses.  Elsewhere, an activist manager profited from
short positions in financials and monolines.  In relative value,
significant gains for the quarter were generated by one manager with a
distinctly short-credit bias specializing in lower rated tranches of sub-prime
and other mortgage-related debt.  Gains for the quarter were offset by
another manager’s December losses, primarily driven by broken merger
deals.  Quarter returns for variable equity were negative as
performance from long-biased managers, regardless of the region, offset gains
elsewhere.  As sub-prime related write-downs gradually emanated
through newswires, long positions in financial names were affected, while the
ensuing flight from risk saw cyclical sector stocks sold off in preference for
defensive stocks, also to the detriment of our managers.  Distressed
& credit performance was driven largely by one manager that took out short
positions in financial services companies including
broker-dealers.  Finally, additional gains were made from short
holdings in sovereign debt, commercial mortgages and consumer/retailers
stocks.




Three
months ended September 30, 2007:




During
the three month period ended September 30, 2007, trading by the AHL-Diversified
Program in the agricultural sector produced positive returns, led by strong
returns from long positions in wheat.  Trading in soy beans and soy
meal added further gains while most other agricultural contracts traded close to
flat over the period.  Bond sector trading resulted in losses as bond
yields trended almost uniformly lower over the period. Short positions in
Australian bonds proved costly at the beginning of the period, while a long bias
in Eurobond contracts also struggled towards the end of the
quarter.  Japanese bond trading delivered positive
results.  Trading in currencies was slightly negative for the
quarter.  Initially, strong profits accrued as short positions in the
US dollar against a variety of currencies were beneficial.  The energy
sector produced solid returns in the quarter.  The principal driver
behind performance came from long holdings in crude oil futures
contracts.  Elsewhere, modest gains were made in short natural gas and
long gas oil positions.  The metals complex was dominated by long
positions in gold.  Elsewhere, trading in silver and copper was flat
while long nickel positions detracted from performance.  Trading in
the short-term interest rate market was profitable and relatively stable
throughout the quarter.  Slight losses came from long positions in
short sterling and euribor contracts.  Long positions in Eurodollar
contracts proved effective.  Trading within the stock sector detracted
somewhat from performance over the quarter as indices saw considerable
volatility.  Positions in the Japanese Nikkei 225 detracted from
performance along with positions in the US markets including positions in the
S&P 500 index.  Hong Kong’s Hang Seng index rose, benefiting long
positions.




For the
three-month period ended September 30, 2007, the commodity & macro style
pursued by the Man-Glenwood Funds posted a positive return despite difficult
market conditions.  Key drivers of positive returns were long
positions in equities and commodities toward the end of the period as well as
short positions in US mid-cap equities and long volatility earlier in the
period.  Reversals in FX markets and fixed income exposure detracted
from performance.  The equity hedge style contributed positively over
the period. Long equity trades, particularly in Asian developing market
equities, yielded strong returns. Some managers showed losses in August, but
most were able to pare losses as markets rebounded.  The event driven
style produced losses despite a strong finish to the quarter.  Losses
were realized primarily during the middle of the period.  Merger
arbitrage strategy suffered, but ended the period well.  The relative
value style generated positive returns, primarily by short credit biased
managers, despite mid-period losses.  Despite gains in September,
variable equity managers ended down, posting negative






12






returns
early in July into mid August. Long positions in financials, US homebuilders and
steel as well as Japanese consumer equities were the most costly. Managers were,
however, able to recover later in the quarter.  Lastly, the distressed
and credit style was close to flat over the period.




Three
months ended June 30, 2007:




During
the three month period ended June 30, 2007, performance of the AHL Diversified
Program in the agriculturals sector was relatively flat until the final few
weeks of the period where it made a small loss.  Trading performance
was dominated by long positions in soybeans and soy oil.  Positions in
corn and wheat performed negatively.  Trading in the bond sector made
a positive contribution to Man-AHL 130’s performance.  The leading
trade was a short position in US Treasuries.  Short trades in Euro
Bund and UK Gilts also returned profitably.  The currency sector
generated excellent returns over the period as a short position in the Japanese
yen against the US dollar powered profits.  A long position in the
Canadian dollar against the US dollar performed well.  Trading in the
energy sector resulted in a modest loss during the period.  Short
positions in crude oil were unprofitable.  Natural gas was a positive
contributor.  The metals complex posted the largest negative return,
albeit a relatively minor one, as nickel continued its fall from May's record
high.  Long positions in the precious metals, gold and silver,
generated slight losses.  Short-term interest rate trading was
profitable as gains were accrued via a three pronged attack which featured short
trades in Euribor, Short Sterling and Eurodollar contracts.  Finally,
trading within the stock sector proved beneficial as indices endured a rather
volatile period but ended up over the three months.  Long positions in
the DAX 30 and S&P 500 indices were strong contributors to, while the
Japanese Topix and Nikkei 225 composites slightly detracted from,
performance.




During
the three month period ended June 30, 2007, the commodity and trading style
pursued by the Man-Glenwood Funds posted a strong return over due to significant
currency moves in the US dollar, euro and British
pound.  Strengthening in some metals provided solid opportunities for
global macro, trend following and discretionary trading managers, while short US
and European bond trades proved profitable.  The equity hedge style
generated a positive return.  In the U.S., specific trades in
technology, telecom, financial services and steel sectors performed
well.  In Europe, a positive deal environment generated strong returns
in both long and short books across the financials and technology
areas.  Emerging market names, particularly in the internet, telecom,
advertising, and software sectors were also positive
contributors.  The event driven style generated strong performance
early and mid-quarter.  In April and May, merger and acquisition
activity surged in both the US and Europe providing an abundance of
opportunities.  By quarter end, volatility within the credit markets
spilled over into equities and adversely impacted merger arbitrage
spreads.  Relative value style performance was primarily driven by
capital structure arbitrage, credit arbitrage, and multi-strategy managers early
in the second quarter.  Towards quarter end, deteriorating conditions
within the sub-prime mortgage market allowed several managers to profit, as they
positioned their portfolios in anticipation of such an event.  In the
U.S., positions in steel manufacturers, engineering companies, homebuilders,
cyclicals, transportation, consumer retail, materials, financials and targets of
acquisitions by private equity groups were significant performance drivers for
US variable equity managers.  Elsewhere, European, Japanese and Asian
ex Japan managers also contributed to performance. Finally, the distressed and
credit style posted a gain over the quarter.  Credit markets performed
well early in the quarter.  From mid-quarter through quarter-end, and
despite high yield credit spreads widening, managers benefited from
security-specific positions that traded higher as a result of certain catalysts
that were realized.




Item
7A.  Quantitative and Qualitative
Disclosures About Market Risk




Not applicable.




Item
8.   Financial Statements and Supplementary Data




Financial
statements required by this item, including the report of the independent
registered accounting firm for the fiscal years ended March 31, 2008 and 2007
are included as Exhibit 13.01 to this report and incorporated by reference into
this Item 8.




The
following summarized quarterly financial information presents the results of
operations of the Class A Units for the three month periods ended June 30,
September 30, December 31 and March 31 during the fiscal years






13






for which
Man-AHL 130 was in operation.  This information has not been
audited.  The Class B Units commenced operations as of April 1,
2008.




Class A
Series 1 Units




Period
      Ended:
            
            September
      30
              2007
            
            
            December
      31
              2007
            
            
            March
      31
              2008Interest
      Income:
            
            $
            812
            
            
            $
            1,134
            
            
            $
            1,357Net
      Realized and Unrealized Gains (Losses):
            
            $
            3,185
            
            
            $
            14,491
            
            
            $
            50,077Expenses:
            
            $
            1,955
            
            
            $
            5,414
            
            
            $
            14,692Net
      Income (Loss):
            
            $
            2,043
            
            
            $
            10,212
            
            
            $
            36,742Increase
      (Decrease) in Net Asset Value per Unit
            
            $
            (0.82
            )
            
            $
            6.46
            
            
            $
            13.88





Class A
Series 2 Units




Period
      Ended:
            
            June
      30
              2007
            
            
            September
      30
              2007
            
            
            December
      31
              2007
            
            
            March
      31
              2008Interest
      Income:
            
            $
            113,383
            
            
            $
            105,078
            
            
            $
            99,125
            
            
            $
            77,542Net
      Realized and Unrealized Gains (Losses):
            
            $
            2,370,435
            
            
            $
            26,004
            
            
            $
            1,361,161
            
            
            $
            2,856,496Expenses:
            
            $
            635,393
            
            
            $
            202,688
            
            
            $
            434,346
            
            
            $
            777,160Net
      Income (Loss):
            
            $
            1,848,425
            
            
            $
            (71,606
            )
            
            $
            1,025,940
            
            
            $
            2,156,875Increase
      (Decrease) in Net Asset Value per Unit
            
            $
            12.32
            
            
            $
            (0.48
            )
            
            $
            6.84
            
            
            $
            14.39





There
were no extraordinary, unusual or infrequently occurring items recognized in any
quarter within the two most recent fiscal years.  There have been no
year-end adjustments that are material to the results of any fiscal quarter
reported above.




Item
9.   Changes in and Disagreements with Accountants


on Accounting and Financial Disclosure




None.




Item
9A.   Controls and
Procedures




The
Managing Member, with the participation of the Managing Member’s principal
executive officer and principal financial officer, has evaluated the
effectiveness of the design and operation of its disclosure controls and
procedures with respect to Man-AHL 130 as of the end of the fiscal year for
which this Annual Report on Form 10-K is being filed, and, based on their
evaluation, have concluded that these disclosure controls and procedures are
effective.  There were no significant changes in the Managing Member’s
internal controls with respect to Man-AHL 130 or in other factors applicable to
Man-AHL 130 that could significantly affect these controls subsequent to the
date of their evaluation.




Changes in Internal Control
over Financial Reporting




Section
404 of the Sarbanes-Oxley Act of 2002 requires the Managing Member to evaluate
annually the effectiveness of its internal controls over financial reporting as
of the end of each fiscal year, and to include a management report assessing the
effectiveness of its internal control over financial reporting in all annual
reports.  There were no changes in Man-AHL 130’s internal control over
financial reporting during the quarter ended March 31, 2008 that have materially
affected, or are reasonably likely to materially affect, our internal control
over financial reporting.






14






Management’s Annual Report
on Internal Control over Financial Reporting




The
Managing Member is responsible for establishing and maintaining adequate
internal control over Man-AHL 130’s financial reporting.  Internal
control over financial reporting is defined in Rules 13a-15(f) and 15(d)-15(f)
under the Securities Exchange Act of 1934 as a process designed by, or under the
supervision of, a company’s principal executive and principal financial officers
and effected by a company’s board of directors, management and other personnel
to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles.  The Managing Member’s
internal control over financial reporting includes those policies and procedures
that:




·
            pertain
      to the maintenance of records that, in reasonable detail, accurately and
      fairly reflect the transactions and dispositions of Man-AHL 130’s
      assets;




·
            provide
      reasonable assurance that transactions are recorded as necessary to permit
      preparation of Man-AHL 130’s financial statements in accordance with
      generally accepted accounting principles, and that Man-AHL 130’s receipts
      and expenditures are being made only in accordance with authorizations of
      the Managing Member’s management and directors;
  and




·
            provide
      reasonable assurance regarding prevention or timely detection of
      unauthorized acquisition, use or disposition of Man-AHL 130’s assets that
      could have a material effect on Man-AHL 130’s financial
      statements.




Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements.  Projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.




The
Managing Member assessed the effectiveness of its internal control over
financial reporting with respect to Man-AHL 130 as of March 31,
2008.  In making this assessment, management used the criteria set
forth by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO) in Internal Control – Integrated Framework.  Based on its
assessment, management has concluded that, as of March 31, 2008, the Managing
Member’s internal control over financial reporting with respect to Man-AHL 130
is effective based on those criteria.




This
annual report does not include an attestation report of Man-AHL 130’s
independent registered public accounting firm regarding internal control over
financial reporting.  The Managing Member’s report was not subject to
attestation by Man-AHL 130’s independent registered public accounting firm
pursuant to rules of the SEC that temporarily permit Man-AHL 130 only to provide
the Managing Member’s report in this report.




Item
9B.  Other
Information




None.






15








PART
III




Item
10.   Directors,
Executive Officers and Corporate Governance




(a,b)  Identification of Directors
and Executive Officers




Man-AHL
130 has no directors or executive officers.  Man-AHL 130 is controlled
and managed by the Managing Member, although the Managing Member delegates
futures trading responsibility to its affiliate, AHL, and various administrative
responsibilities to the Administrator.  The Managing Member is
responsible for maintaining the allocation percentages between the AHL
Diversified Portfolio and the Man-Glenwood Funds as described
herein.




Man
Investments (USA) Corp., a Delaware corporation, serves as Managing Member with
broad oversight over the operations and affairs of Man-AHL 130.  The
Managing Member is registered with the CFTC as a commodity pool operator (“CPO”)
and commodity trading advisor (“CTA”) and is a member of the NFA.  The
Managing Member is also registered as an investment adviser with the
SEC.  The Managing Member is a subsidiary of Man Group plc, which is
listed on the London Stock Exchange and a constituent of the FTSE 100 index of
leading UK stocks.




The
principals and senior officers of the Managing Member as of March 31, 2008 are
as follows:




Uwe Eberle, born
5/16/65.  Mr. Eberle is head of institutional sales for the Man
Investments division of Man Group plc as well as a member of the management
committee of Man Investments.   Mr. Eberle is a Director and President of
the Managing Member which positions he has held since January 2008.  From
August 2006 until December 2007, Mr. Eberle was Chief Executive Officer –
Institutional Sales of Man Investments and a Director since November 2007. 
As of January 2008, Mr. Eberle was made President and Chief Executive Officer of
Man Investments.  Mr. Eberle is registered with the CFTC as a
Principal and an Associated Person of Man Investments (as of January 2008) and
as a Principal and Associated Person (as of January 2008) and Branch Office
Manager (as of February 2008) of Man Investments.  In addition to the
foregoing, Mr. Eberle was recently made a director and officer of various other
Man Group companies based in the United States, including, but not limited to,
RMF Investment Management (USA) Corp., a registered Investment Adviser, where he
has been a director since November 2007.




Prior to
joining Man Investments Inc. in August 2006, Mr. Eberle was head of hedge fund
research at RMF Investment Management (“RMF”), a global provider of alternative
investment products and the parent company of RMF Investment Management (USA)
Corp., in Pfaffikon, Switzerland.  From February 2002 through October 2004,
Mr. Eberle built up the New Alternative unit at RMF out of New York, a unit
focusing on the search for new alpha opportunities.  Prior to that, he
worked in the private equity team at RMF.  Before joining RMF in August
2000, he spent more than 13 years with the HypoVereinsbank Group, one of the
largest banks in Germany, in Frankfurt, Munich, and New York.  His most
recent position was a senior fund manager, building up their emerging market
fund management team.  From November 1994 until June 1996, Mr. Eberle
worked in a small group of senior people, re-setting the strategic direction of
the asset management business at Vereinsbank.  From June 1992 until October
1994, he worked in research/marketing for Vereinsbank Capital Corp., the U.S.
subsidiary of Vereinsbank, in New York.  Prior to that, he worked as an
equity trader and senior options trader for 5 years.




Mr.
Eberle received a degree in Banking in addition to a degree in Economics from
the Verwaltungs- and Wirtschaftsakademie (VWA) in Frankfurt, Germany.  He
is also a CFA charter holder and a member of the German Association of
Investment Professionals.




Michael Lozowski,
born 9/4/53.  Mr. Lozowski is Vice President and a Director of the
Managing Member, which position he has held since February 2002, and is
responsible for making the allocation decisions of Man-AHL 130.  In
addition, since February 2002, Mr. Lozowski also is the Managing Director of
AHL, with whom he is listed as a Principal and is registered as an associated
person as of May 2003.  Mr. Lozowski is also a Director of Man
Investments Limited (“MIL”), an affiliated UK limited liability company that
acts as an investment manager and CTA to non-US persons.  With MIL,
Mr. Lozowski has particular responsibility for investment
management.  Prior






16






to this,
Mr. Lozowski was a Director and President of Man-AHL (USA) Corp. from February
1995 and June 1996, respectively, through July 2005 when Man-AHL (USA) Corp.
dissolved.  Mr. Lozowski was the Corporate Finance Director of Man
Management AG and affiliated companies in Switzerland from 1990 until December
1995.  He joined the Man Group in November 1987 as Assistant
Treasurer.  Before joining the Man Group, he worked at the Chase
Manhattan Bank from March 1980 until November 1987 and at the National
Westminster Bank from 1977 through March 1980.  After receiving a
Master’s degree in Physics at University College, Oxford, he progressed to a
Master of Science degree in Operational Research at the University of Sussex in
England.




Alicia Derrah, born
3/17/58.  Ms. Derrah is the Chief Financial Officer of the Managing
Member and of Glenwood.  She is also the Principal Financial Officer of the
Man-Glenwood Funds and the Portfolio Company and the FINOP for Man
Investments.  Ms. Derrah joined the Managing Member in October 2005
and joined Glenwood in September 1992 and is responsible for their respective
accounting and financial reporting functions.  From December 1987 to August
1992, Ms. Derrah was employed by Arthur Andersen LLP as a senior auditor in the
Financial Services division of the firm.  Ms. Derrah’s clients included
Glenwood, bank holding companies and capital markets institutions.




Prior to
joining Arthur Andersen, Ms. Derrah was employed by The Sanwa Bank, Ltd., in its
Chicago branch office, as an analyst in the corporate finance area.  In
that capacity, Ms. Derrah worked primarily with local Fortune 500 companies and
was responsible for both corporate credit analysis and continued business
development.  Ms. Derrah is a C.P.A. and received a B.A. from Mundelein
College.




Man Investments Holdings
Inc., a Delaware corporation, is also a principal of the Managing Member,
but does not participate in making trading or operational decisions for Man-AHL
130.  Man Investments Holdings Inc. is an indirect, wholly-owned
subsidiary of Man Group plc.




(c)   Identification of Certain
Significant Employees




None.




(d)   Family
Relationships




None.




(e)   Business
Experience




See Item
10 (a,b) above.




(f)   Involvement in Certain Legal
Proceedings




None.




(g)   Section 16(a) Beneficial
Ownership Reporting Compliance




Not
applicable.




(h)   Code of
Ethics




Man-AHL
130 has no employees, officers or directors and is managed by the Managing
Member.  The Managing Member has adopted an Executive Code of Ethics that
applies to its principal executive officers, principal financial officer and
principal accounting officer.  A copy of this Executive Code of Ethics may
be obtained at no charge by written request to Man Investments (USA) Corp., 123
N. Wacker Drive, 28th Floor, Chicago, Illinois 60606 or by calling: (312)
881-6800 (ask for the Chief Legal Officer).






17






(i)   Audit Committee Financial
Expert




Because
Man-AHL 130 has no employees, officers or directors, Man-AHL 130 has no audit
committee.  Man-AHL 130 is managed by the Managing
Member.  Alicia Derrah serves as the Managing Member’s “audit
committee financial expert.”  Ms. Derrah is not independent of the
management of the Managing Member.  The Managing Member is not
required to have, and does not have, independent directors.




Item
11.  Executive Compensation




Man-AHL
130 has no directors, officers or employees.  None of the directors,
officers or employees of the Managing Member receive compensation from Man-AHL
130.  The Managing Member receives a management fee of 1/12 of 0.75%
of the Net Asset Value of all outstanding Units at each month-end (a 0.75%
annual rate), calculated monthly and paid quarterly in arrears.  The
AHL Diversified Program is operated by members of the Man Group, which receives
substantial compensation from Man-AHL 130 for doing so.  Man-AHL 130
pays substantial brokerage commissions to its futures brokers, including MF
Global Inc., limited to no more than 3% of Man-AHL 130’s average month-end Net
Asset Value during each fiscal year, and has paid clearing fees on forward
trades to MF Global UK Ltd., an affiliate of the Managing Member.  The
Man-Glenwood Funds are operated by members of the Man Group, which receive
substantial compensation for doing so.  Man Investments Inc. receives
an investor servicing fee for the provision of investor services to the
Man-Glenwood Funds and receives ongoing Client Servicing Fees from Man-AHL 130,
as described below.




Item
12.   Security Ownership of Certain Beneficial Owners
and Management and Related Stockholder Matters




(a)   Security Ownership of Certain Beneficial Owners




Other
than as set forth below, Man-AHL 130 knows of no person who owns beneficially
more than 5% of the Units of either Class.




(b)   Security Ownership of Management




As of
March 31, 2008:




Title of class
            Name and address of beneficial
      owner
            Amount and nature of beneficial
      interest
            Percent of classClass
      A Units
            Man
      Investments (USA) Corp.
              123
      N. Wacker Drive
              28th
      Floor
              Chicago,
      IL 60606
            150,000
      Units (Series 2) held directly
            97.80%





(c)   Changes in Control




None.




(d)   Securities Authorized for
Issuance Under Equity Compensation Plans




None.




Item
13.   Certain Relationships and Related Transactions,
and Director Independence




See “Item
10.   Directors,
Executive Officers and Corporate Governance
—(a,b)  Identification of Directors
and Executive Officers and —(i)   Audit Committee Financial
Expert,” “Item 11.  Executive Compensation”
and “Item 12.  Security Ownership of
Certain Beneficial Owners and Management and Related Stockholder
Matters.”  The Managing Member organized and controls Man-AHL
130.  The Managing Member and its affiliates are the primary service
providers to Man-AHL 130.  None of the fees paid by Man-AHL 130 to the
Managing Member or






18






any
affiliate were negotiated at arm’s-length.  For managing Man-AHL 130’s
futures and forward trading, AHL, an affiliate of the Managing Member, charges a
management fee of 1/6 of 1% of the month-end notional value of Man-AHL 130’s AHL
account (a 2% annual rate) – approximately equal to Man-AHL 130’s Net Asset
Value – calculated and paid as of the end of each calendar month and a monthly
incentive fee of 20% of any “new net profit,” as defined in the prospectus
included in Man-AHL 130’s registration statement, attributable to Man-AHL 130’s
AHL account.  Man-AHL 130 paid $485,023 in management fees and
$1,249,061 in incentive fees to AHL for the year ended March 31,
2008.  Man Investments, an affiliate of the Managing Member which
serves as the lead selling agent for Man-AHL 130, is entitled to a Client
Servicing Fee equal to 1/12 of 1.25% of the Net Asset Value of the Class A
Series 1 and Class B Series 1 Units at each month-end (a 1.25% annual rate),
calculated monthly and paid quarterly in arrears.  Man-AHL 130 paid
$2,088 in Client Servicing Fees to Man Investments for the year ended March 31,
2008.  The Client Servicing Fee is not charged against Class A Series
2 and Class B Series 2 Units, which are offered exclusively to (i) investors
participating in selling agent asset-based or fixed-fee investment programs, or
in investment advisors’ fee-based advisory programs, or (ii) direct
institutional investors, including, but not limited to, certain tax-exempt
employee benefit trusts, employee benefit plans, deferred compensation plans and
individual retirement accounts that purchase Units through Man Investments
Inc.  Man Investments Inc. is subject to the regulatory limitation
that it not receive aggregate selling commissions (i.e., the Client Servicing
Fee) in excess of 10% of the sale price of all Units.  The Managing
Member expects that a significant majority of the Client Servicing Fee received
by Man Investments Inc. will be paid on to unaffiliated selling agents assisting
with the placement of the Units.  The Portfolio Company, through which
the Man-Glenwood Funds access the Sub-Funds, pays Glenwood a management fee at a
rate of 1.75% per annum of the aggregate value of the Portfolio Company’s
outstanding interests, calculated monthly and paid quarterly, and the
Man-Glenwood Funds each pay Glenwood a 0.25% per annum administrative fee,
similarly calculated.  Man Investments Inc. receives an investor
servicing fee of 0.50% of net assets per annum for the provision of investor
services to the Man-Glenwood Funds, calculated monthly and paid
quarterly.  The Managing Member’s interest in Man-AHL 130 showed an
allocation of income of $4,959,706 for the year ended March 31,
2008.




Item
14.   Principal Accountant Fees
and Services




(1)           Audit
Fees




Man-AHL
130 incurred no fees for professional services rendered by Deloitte & Touche
LLP in connection with the audits of Man-AHL 130’s financial statements for the
year ended March 31, 2007, fees for such services were paid by the Managing
Member or an affiliate.  The aggregate fees for professional services
rendered by Deloitte & Touche LLP in connection with the audit of Man-AHL
130’s financial statements and reviews of the financial statements included in
the quarterly reports on From 10-Q an in connection with the statutory and
regulatory filings for the years ended March 31, 2008 were approximately
$130,000.




(2)           Audit-Related
Fees




There
were no fees for assurance and related services rendered by Deloitte &
Touche LLP for the years ended March 31, 2007 and 2008.




(3)           Tax Fees




There
were no fees for professional services rendered by Deloitte & Touche LLP for
tax compliance, advice or planning services for the year ended March 31,
2007.  The aggregate fees for professional services rendered by
Deloitte & Touche LLP for the benefit of Man-AHL 130 for the year ended
March 31, 2008 were approximately $30,000.




(4)           All Other
Fees




None




(5)           Pre-Approval
Policies




The board
of directors of the Managing Member pre-approves the engagement of Man-AHL 130’s
auditor for all services to be provided by the auditor.






19






PART
IV




Item
15.   Exhibits
and Financial Statement Schedules




(a)(1)   Financial Statements




The following are included with the
Report of Independent Registered Public Accounting Firm dated
June 25, 2008, a copy of which is filed herewith as Exhibit 13.01
:




Condensed
Schedules of Investments (a)


Statements
of Financial Condition (a)


Statements
of Operations (a)


Statements
of Changes in Members’ Equity (a)


Statements
of Cash Flows (b)


Financial
Highlights (b)


Notes to
Financial Statements
  (a) At
March 31, 2008 and March 31, 2007
 (b) For
the years ended March 31, 2008 and 2007


(a)(2)   Financial Statement Schedules




All
Schedules are omitted for the reason that they are not required or are not
applicable because equivalent information has been included in the financial
statements or the notes thereto.




(a)(3)   Exhibits as required by Item 601 of Regulation S-K




The
following exhibits are included herewith.




Designation                                Description
  13.01
              Report
      of Independent Registered Public Accounting Firm31.1
              Rule
      13a-14(a)/15d-14(a) Certification of Principal Executive
      Officer31.2
              Rule
      13a-14(a)/15d-14(a) Certification of Principal Financial
      Officer32.1
              Section
      1350 Certification of Principal Executive Officer32.2
              Section
      1350 Certification of Principal Financial Officer
 The
following exhibit is incorporated by reference from the exhibit of the same
number and description filed with Man-AHL 130’s Registration Statement (File No.
333-126172) filed on June 28, 2005 on Form S-1 under the Securities Act of
1933.
  3.01(i)
              Certificate
      of Formation of Registrant.
  The
following exhibit is incorporated by reference from the exhibits of the same
number and description filed with Amendment No. 3 to Man-AHL 130’s Registration
Statement (File No. 333-126172) filed on April 17, 2006 on Form S-1 under the
Securities Act of 1933.
  10.02
              Form
      of Customer Agreement between the Registrant and Man Financial Inc. (now
      MF Global)
   20
   The
following exhibit is incorporated by reference from the exhibits of the same
number and description filed with Post-Effective Amendment No. 5 to Man-AHL
130’s Registration Statement (File No. 333-126172) filed November 29, 2006 on
Form S-1 under the Securities Act of 1933.
  10.01
              Form
      of Administration Agreement between Man-AHL 130 and the
      Administrator.
  The
following exhibits are incorporated by reference from the exhibits of the same
number and description filed with Post-Effective Amendment No. 6 to Man-AHL
130’s Registration Statement (File No. 333-126172) filed January 18, 2007 on
Form S-1 under the Securities Act of 1933.
  1.01
              Form
      of General Distributor’s Agreement between the Registrant and Man
      Investments Inc.3.02
                (amended)
              Limited
      Liability Company Agreement of the Registrant.10.02(a)
              Addendum
      to the Form of Customer Agreement between the Registrant and Man Financial
      Inc. (now MF Global)10.03
                (amended)
              Form
      of Trading Advisory Agreement between Registrant and Man- AHL (USA)
      Ltd.10.04
              Form
      of Escrow Agreement among the Registrant, the Managing Member and the
      Escrow Agent.10.03
              Form
      of Application and Power of Attorney.  (amended)






21






SIGNATURES




Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, on the ­­30th day of
June, 2008.




MAN-AHL
      130, LLCBy:
              Man
      Investments (USA) Corp.,
                Managing
      MemberBy:
              /s/ Uwe
      EberleUwe
      EberlePresident




Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been
signed below by the following persons on behalf of the Managing Member of the
Registrant in the capacities and on the date indicated.




Signature
              
              Title
      with
                Managing
      Member
              Date/s/
      Uwe Eberle
              
              President
      and Director
              June 30,
      2008Uwe
      Eberle
              
              (Principal
      Executive Officer)/s/
      Alicia B. Derrah
              
              Chief
      Financial Officer
              June 30,
      2008Alicia
      B. Derrah
              
              (Principal
      Financial and Accounting Officer)/s/
      Michael Lozowski
              
              Vice
      President and Director
              June 30,
      2008Michael
      Lozowski


(Being
the principal executive officer, the principal financial officer and principal
accounting officer, and a majority of the directors of Man Investments (USA)
Corp.)




Man
Investments (USA) Corp.


Managing
Member of Registrant


June 30,
2008




By /s/Uwe
Eberle


Uwe
Eberle


President




Supplemental Information Furnished With
Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not
Registered Securities Pursuant to Section 12 of the Act.




As of March 31, 2008 and as of the date
hereof, Registrant has not sent any annual reports or proxy statements to
security holders.






22






EXHIBIT
INDEX




The
following exhibits are included herewith.




Designation                                Description




13.01
              Report
      of Independent Registered Public Accounting
Firm
  31.1
                  Rule
      13a-14(a)/15d-14(a) Certification of Principal Executive
      Officer
 31.2
                      Rule
      13a-14(a)/15d-14(a) Certification of Principal Financial
      Officer
 32.1
                          Section
      1350 Certification of Principal Executive
  Officer
 32.2
                              Section
      1350 Certification of Principal Financial
  Officer


The
following exhibit is incorporated by reference from the exhibit of the same
number and description filed with Man-AHL 130’s Registration Statement (File No.
333-126172) filed on June 28, 2005 on Form S-1 under the Securities Act of
1933.


3.01(i)
                Certificate
      of Formation of Registrant.


The
following exhibit is incorporated by reference from the exhibits of the same
number and description filed with Amendment No. 3 to Man-AHL 130’s Registration
Statement (File No. 333-126172) filed on April 17, 2006 on Form S-1 under the
Securities Act of 1933.




10.02
            Form
      of Customer Agreement between the Registrant and Man Financial Inc. (now
      MF Global)




The
following exhibit is incorporated by reference from the exhibits of the same
number and description filed with Post-Effective Amendment No. 5 to Man-AHL
130’s Registration Statement (File No. 333-126172) filed November 29, 2006 on
Form S-1 under the Securities Act of 1933.




10.01
            Form
      of Administration Agreement between Man-AHL 130 and the
      Administrator.




The
following exhibits are incorporated by reference from the exhibits of the same
number and description filed with Post-Effective Amendment No. 6 to Man-AHL
130’s Registration Statement (File No. 333-126172) filed January 18, 2007 on
Form S-1 under the Securities Act of 1933.




1.01
            Form
      of General Distributor’s Agreement between the Registrant and Man
      Investments Inc.




3.02
            Limited
      Liability Company Agreement of the
Registrant.


(amended)




10.02(a)
            Addendum
      to the Form of Customer Agreement between the Registrant and Man Financial
      Inc. (now MF Global)




10.03
            Form
      of Trading Advisory Agreement between Registrant and Man-AHL (USA)
      Ltd.


(amended)




10.04
            Form
      of Escrow Agreement among the Registrant, the Managing Member and the
      Escrow Agent.




10.03
            Form
      of Application and Power of
Attorney.


(amended)